Income tax on proceeds on sale of agricultural lands

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..... Dear Learned Friends, Kindly clarify the following query. As far as I know, sale proceeds received by an Individual on selling agricultural lands are not to be taxed if such lands are situated at mor .....

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..... e than 8 kilo meters from a Municipality having a population of not more than 10,000. It seems there are some changes in respect of the distance and population, brought forth in the recent budge .....

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..... t 2014. I hear from some quarters that the distance to be considered is distance by Air and not by road. I will be much obliged if I get this clarified. Regards, KS - Reply By MARIAPPAN GOVINDARAJ .....

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..... AN - The Reply = Whether you have got clarified in the above issue? If not please inform. - Income tax on proceeds on sale of agricultural lands - Query Started By: - Srivatsan Krishnamachari Date .....

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..... d:- 5-9-2014 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxma .....

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..... nagementindia.com - TMI - TaxTMI - TMITax .....

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